Zhitong Finance App learned that on October 30, the China Securities Regulatory Commission issued the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (October 26, 2026 to October 30, 2026)”. The International Division of the China Securities Regulatory Commission issued supplementary material requirements for a total of 5 companies. Among them, Huanneng Design is required to provide additional explanations on matters such as whether Zhang Fuquan and Zhang Dan form concerted actors, and whether their holdings are calculated together. According to the Hong Kong Stock Exchange's disclosure on June 30, Shandong Huanneng Design Institute Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, and Ed Capital is its sole sponsor.
The China Securities Regulatory Commission requested Huanneng Design to further explain the following matters, and ask lawyers to check and issue clear legal opinions:
1. Please provide additional explanations: (1) the shareholder status of your company's capital increase in 2024 and the shareholding price, whether the relevant capital increase was paid, the reasons for the capital reduction in February 2026 and the shareholder status of the capital reduction; (2) Please explain whether Zhang Fuquan and Zhang Dan form concerted actors, and whether their shares are calculated together. If determined not to constitute a concerted actor, please indicate the basis; (3) Please issue a concluding opinion on whether the establishment of your company and previous shareholding changes are legal and compliant, as well as the status of your company's principal and effective existence.
2. Please further explain whether the use of capital raised by your company involves overseas projects. If so, please indicate how it has carried out overseas investment approval, approval or filing procedures.
3. Please take into account the ratio of your company's outstanding lawsuit amount to the relevant data in the financial statements and explain whether there are any major operating risks and whether they have a substantial impact on this issuance and listing.
According to the prospectus, Environmental Energy Design was founded in 2003 and is headquartered in Jinan, Shandong. It is a comprehensive power engineering service provider that mainly provides EPC services, engineering design and consulting services, focusing on renewable energy power engineering. The company obtained the power industry engineering design grade A qualification in 2018. Currently, it is one of only three non-state-owned enterprises in China that have this qualification.
According to Frost & Sullivan, the company ranked third among non-state-owned integrated power engineering service enterprises in China's integrated power engineering service industry in terms of revenue in 2025.